Defense Contracts And Strategic WinsThe US Missile Defense Agency (MDA) announced that Northrop Grumman (NOC) was selected to continue development of the Glide Phase Interceptor (GPI).
Earnings And Financial PerformanceNOC raised 2024 EPS guidance by ~$0.75, driven by stronger margin expectations at Aeronautics and Space Systems and a mix of non-operating items.
International Sales And Market PositionAccelerated international sales growth is contributing to a broader mix shift at NOC, which should help drive structural margin improvement over time.